Frederick Community Bank, The, Financial Information

About Frederick Community Bank, The

 Address:
106 North Market Street
Paxton, IL
Iroquois County, Illinois
 Established:
Jun 1920
 Number of domestic offices:
4
Agriculture bank
Total assets$161M
Net income$2M
Net income, quarterly$0M
Total deposits$144M
Domestic deposits$144M
Equity capital$16M
ROA1.46%
ROAQ, quarterly0.99%
ROA, pretax0.99%
ROAQ, quarterly, pretax1.0%
ROE13.67%
ROEQ, quarterly9.55%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Cissna Park State Bank opened on October 20th 1941 with capital and surplus of $30,000 and assets of $450,000. The bank was formed as a merger of the assets of the Clarence State Bank and the Farmers State Bank of Goodwine.

In 1990, the Cissna Park State Bank purchased the building formerly owned by Champion Federal to provide the convenience of Drive-Up Banking. In 1997, the Cissna Park State Bank purchased its first ATM and located it at Luke’s One Stop. Today the Cissna Park State Bank has additional ATMs located in Rankin, Hoopeston, and Potomac.

he bank has continued to adapt to changing technology. In the early years ledgers were maintained by hand. As time progressed, there were posting machines, Burroughs Computers, and currently Unisys Computers using the latest in Banking Software. While many banks “out-source” this function, the Cissna Park State Bank continues to provide all of the bookkeeping function of the bank “in-house.” Recent changes include check imaging, telephone banking, and online banking with bill-pay and imaging capabilities.

The bank has now grown to $43 million in assets with capital of about $4.5 million. While the Bank has sustained growth as the community has grown, the bank’s primary focus continues to be service to the community and its expanding needs.

Main office
102 S Second Street P.O. Box 36
Cissna Park, IL 60924
(815) 457-2111
Fax (815) 457-2290

Drive-up
101 West Church Street
Cissna Park, IL 60924
(815) 457-2953